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on cutting taxes, even for the rich, the tone, different. during the primary -- >> i said today, we're going to cut taxes on everyone, across the country, by 20%. including the top 1%. >> reporter: last night? >> i will not reduce the share paid by high income individuals. i know that you and your running mate keep saying that and i know it's a popular thing to say with a lot of people, but it's just not the case. >> reporter: but on the regulations, dotdd-frank, romne often simply says -- >> we got to repeal dodd-frank. >> reporter: but last night? >> you have to have regulation and there's some parts of dodd-frank that make all the sense in the world. >> reporter: and on the president's health care law, romney usually simply says this. >> if your priority is jobs, you got to get rid of obama care, and i will. >> reporter: but last night, when asked what he would replace it with? >> in fact, i do have a plan that deals with people with pre-existing conditions, that's part of my plan. >> reporter: now, we have asked the romney campaign repea
on cutting taxes, even for the rich, the tone, different. during the primary -- >> i said today, we're going to cut taxes on everyone, across the country, by 20%. including the top 1%. >> reporter: last night? >> i will not reduce the share paid by high income individuals. i know that you and your running mate keep saying that and i know it's a popular thing to say with a lot of people, but it's just not the case. >> reporter: but on the regulations, dotdd-frank, romne...
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Oct 4, 2012
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this is a tax in itself -- the economy tax. gasoline prices have doubled under the president, electric rates are up, food prices are up, health-care costs have gone up by $2,500 per family. the question is how to get them going again. it is energy and trade. the right kind of training programs. the president mentioned those ideas. education. it is key. it is the future of our economy. we have 47 training programs. they are reporting to eight agencies. we have to get those dollars back to the states and to the workers so they can create pathways into training they need for jobs that will help them. taxation. we should bring the tax rates down. for corporations and individuals. for us not to lose revenue, i lowered deductions and credits and intentions so we keep taking in the same money when you account for growth. energy is critical. the president pointed out that production of oil and gas in the u.s. is up but not due to his policies -- in spite of his policies. all of the increase in natural gas and oil has happened on privat
this is a tax in itself -- the economy tax. gasoline prices have doubled under the president, electric rates are up, food prices are up, health-care costs have gone up by $2,500 per family. the question is how to get them going again. it is energy and trade. the right kind of training programs. the president mentioned those ideas. education. it is key. it is the future of our economy. we have 47 training programs. they are reporting to eight agencies. we have to get those dollars back to the...
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Oct 5, 2012
10/12
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? . >>> they're back. the pesky stink bugs. the government said that they have returned in a big quay. many more than last year. you don't have to tell that to the people near linden, virginia. that is where beth parker has paid a visit today. >> stink bug heaven. >> reporter: you can s.w.a.t. them or sweep them. you can't get away. >> there's millions of them. it's the worst thing i have seen in my life. >> reporter: not what he had in mind when he retired and moved to the country. hosted to be closer to nature and nature's too close. >> it's like bug stew. >> can you take some home for dinner if you want. [ laughter ] >> reporter: no, thanks. >> seriously, he would love to get rid of them. their real name is the brown marmarated stink bug and he calls them? >> yucky. terage. >> reporter: he live -- teage. >>
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? . >>> they're back. the pesky stink bugs. the government said that they have returned in a big quay. many more than last year. you don't have to tell that to the people near linden, virginia. that is where beth...
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Oct 4, 2012
10/12
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more huge tax breaks skewed to the wealthy. while cutting nearly eight hundred billion from medicaid... even though middle-class families rely on medicaid to help loved ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it in his priorities? . >>> top 10 in e.r.a. and strikeouts today, the nats geo gonzalez was recognized as the best left-handed picture -- pitcher in baseball. next time, he'll take to sunday's game, one of the nlds against the cardinals or braves. yes, the nats have home field advantage after wednesday's win and that is a 2-3 form at, meaning the first two are on the road. yesterday, ryan zimmerman last the home crowd, 25 runs on the season for him and michael morris teed off as well for the team's 98th win and that is a 95-1 final. the orioles -- orioles game didn't go as well and that is because of what he needed to get out of the season and he hit two home runs and three yesterday. the top 4-1, meaning baltimore visits the tex
more huge tax breaks skewed to the wealthy. while cutting nearly eight hundred billion from medicaid... even though middle-class families rely on medicaid to help loved ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it in his priorities? . >>> top 10 in e.r.a. and strikeouts today, the nats geo gonzalez was recognized as the best left-handed picture -- pitcher in baseball. next time, he'll...
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Oct 4, 2012
10/12
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at tonight's debate, a blizzard of percents. >> 93% of the businesses are not taxed at the 35% tax rate. >> reporter: all these perce percents -- >> it's mast. >> reporter: intended to make politics seem like facts that can't be argued with. >> like a sports analogy. it's odds, percentage chances. people have those percentages in their mind. they know their take-home pay. things that apply in their own life. >> reporter: but too many percents and you risk sounds like yogi berra, who said baseball is 90% physical, the other half is mental. a recent survey showed 42% of americans don't believe the polls. bottom line, percents don't always make sense. keep in mind, tonight, both candidates looked like they were addressing the 100%. but really, they're vying for a much smaller piece of the pie. really, they're trying to capture the undecided voters in the swing states who happen to be watching. that's not the 99%, not even the 47%. but that tiny fraction will end up deciding who won. >> if you want to focus on a percentage in this election that matters the most, it's 4% of the people that a
at tonight's debate, a blizzard of percents. >> 93% of the businesses are not taxed at the 35% tax rate. >> reporter: all these perce percents -- >> it's mast. >> reporter: intended to make politics seem like facts that can't be argued with. >> like a sports analogy. it's odds, percentage chances. people have those percentages in their mind. they know their take-home pay. things that apply in their own life. >> reporter: but too many percents and you risk...
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how in lord's name can they justify raising their taxes? >> reporter: the romney campaign quickly seized on that comment. arguing the president's policies have hurt the middle class. taking a breather from his preparations outside las vegas today. he visited the hoover dam. >> it's spectacular and i've never seen it before. >> reporter: aides say he's been calling his family to unwind each night. while the two campaigns have gone out of their way to lower expectations, surrogates on both sides today acknowledge the debate will be a pivotal moment. >> i think it's important for viewers to get a chance to do comparison shopping. seeing the two candidates face to face, head to head. >> this cannot be about decibels. what it does have to be about, particularly for governor romney, is details. >> reporter: romney who has 23 primary debates under his belt, says he doesn't like formal debate prep, says it feels too artificial. instead, opting for more casual sessions. advisers are coaching romney not to get visibly irritated, if his opponent getti
how in lord's name can they justify raising their taxes? >> reporter: the romney campaign quickly seized on that comment. arguing the president's policies have hurt the middle class. taking a breather from his preparations outside las vegas today. he visited the hoover dam. >> it's spectacular and i've never seen it before. >> reporter: aides say he's been calling his family to unwind each night. while the two campaigns have gone out of their way to lower expectations,...
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there are going to be tax cuts because mitt romney proposes to cut 20% off everybody's taxes across the board. >> not 5 trillion. >> but it adds up to 4.9 the ten years that the number the president was citing. that assumes no revenue coming from anywhere else. mitt romney says that is not the right assumption. if i cut taxes across the board and more money into piedmont acre pockets and spend more and have a lower tax rate and have more jobs and more own. >> stimulate the economy. >> and more money will come in. >> that is where the disagreement was. >> mitt romney does have some plans for cutting loopholes and some of these -- >> right. . he says we cut taxes and close loopholes and it becomes revenue neutral and president cited another studying saying you have to raise taxes on the middle class. that is why this becomes so hard to fact check one of these because they are both sort of saying things that are kind of true. >> let's switch to jobs. this doesn't have to do with the debate necessarily last night but it's critical. we have the big monthly jobs report tomorrow and we have so
there are going to be tax cuts because mitt romney proposes to cut 20% off everybody's taxes across the board. >> not 5 trillion. >> but it adds up to 4.9 the ten years that the number the president was citing. that assumes no revenue coming from anywhere else. mitt romney says that is not the right assumption. if i cut taxes across the board and more money into piedmont acre pockets and spend more and have a lower tax rate and have more jobs and more own. >> stimulate the...
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Oct 1, 2012
10/12
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he talks about all these tax deductions he's going to put forth. how is he going to close the loopholes to make this work? i'm a financial journalist, i want to know. i think american voters deserve to know. chris: the moderate already probably want to know. he's got to ask that question. >> two things. one is that i think it's really strange that they have telegraphed this punch so far in advance on the truth, on obama's veracity. i wouldn't be surprised if they don't do that because they've telegraphed it so far in advance. the thing "boston globe"s a -- obama has to watch, he really has grown to disrespect and dislike mitt romney and there's so many cheap shots that he could take that will not actually work to his advantage. he has to be -- restrain himself from taking the obvious jabs that might actually generate some sympathy for romney. chris: the debate also will challenge president obama to convince voters things could have been worse without blaming george b. bush as did he last time. >> one of the things i think we have to recognize is pu
he talks about all these tax deductions he's going to put forth. how is he going to close the loopholes to make this work? i'm a financial journalist, i want to know. i think american voters deserve to know. chris: the moderate already probably want to know. he's got to ask that question. >> two things. one is that i think it's really strange that they have telegraphed this punch so far in advance on the truth, on obama's veracity. i wouldn't be surprised if they don't do that because...
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$2,000, while giving a tax break of $250,000 to multimillionaires. doesn't mitt romney understand we can't rebuild america by tearing down the middle class. priorities usa action is responsible for the content of this advertising. >> new york police are trying to track down a man robbing people at needle point. they say he carries a hypodermic needle. not clear what is in the syringe. he steals phones, and even held up a 14-year-old for his phone. all of the victims are teenage boys. the needle robber has hit 9 times. >>> four men are charged with a deadly shooting at a foreign wars post in florida. two people were killed and another critically hurt. the shooting happened after a fight yesterday in a parking lot where a motorcycle club was gathering for a charity ride. no word on what sparked the fight. >> a man who survived the shooting at the colorado movie theater is demanding a plan from the president and mitt romney on how to deal with gun violence. >> in the next four years 48,000 americans won't be so lucky, because they'll be murdered with gu
$2,000, while giving a tax break of $250,000 to multimillionaires. doesn't mitt romney understand we can't rebuild america by tearing down the middle class. priorities usa action is responsible for the content of this advertising. >> new york police are trying to track down a man robbing people at needle point. they say he carries a hypodermic needle. not clear what is in the syringe. he steals phones, and even held up a 14-year-old for his phone. all of the victims are teenage boys. the...
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$2,000 while giving a tax break of $250,000 to multimillionaires. doesn't mitt romney understand we can't rebuild america by tearing down the middle class. priorities usa action is responsible for the conontent of this advertisin >> a new study is drawing a connection between childbirth impressed cancer. >> this unusual link. >> she works in finance, a young wife and mother to four-year- old. one day at work, she received a phone call that changed her life. >> i am sorry to tell you, you have breast cancer. >> 32 years old, and she was healthy and now diagnosed with breast cancer. her first thought was not been around for hircine. >> i want to see the first day of kindergarten. >> she had a bilateral the ceo -- a bilateral mastectomy and chemotherapy. >> i did not go ride a bike with them. i cannot do those things. >> breast cancer is an uncommon in women so young. a woman's risk of breast cancer goes up in the five years or so after she has a child. one-third of the 25,000 cases diagnosed in women under 45 or incidents of postpartum breast cancer.
$2,000 while giving a tax break of $250,000 to multimillionaires. doesn't mitt romney understand we can't rebuild america by tearing down the middle class. priorities usa action is responsible for the conontent of this advertisin >> a new study is drawing a connection between childbirth impressed cancer. >> this unusual link. >> she works in finance, a young wife and mother to four-year- old. one day at work, she received a phone call that changed her life. >> i am sorry...
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>> you don't have to do a, quote, "tax in connection -- "tax increase". you're not doing a tax increase. getting $6 billion out of ethanol, and grover calls that a tax increase. neil: you think the time came to face the american people, tell them this sort of thing that we're up against romney exploited so cautiously. some think it's too late for that. do you buy that? >> no, i don't. everything can change in 30 days. you've watchedded this stuff. you know how it is. they say republicans carry the senate, and three days later, they lost it. the real rate of growth will be 3.1 this year, but it's 1.5. i never have seen a statistic right. in the volatility, they are waiting for someone to make a gaffe, and the gaffes are important, by people are listening. neil: let me ask you, senator, there is this end of the year train wreck you talk about. you warned about it always. the sequestering cuts that kick in, bush rates expire,atm issues, medicare issues, payroll tax issues, all at the same time. matter who is elected, they table this for six months whether it
>> you don't have to do a, quote, "tax in connection -- "tax increase". you're not doing a tax increase. getting $6 billion out of ethanol, and grover calls that a tax increase. neil: you think the time came to face the american people, tell them this sort of thing that we're up against romney exploited so cautiously. some think it's too late for that. do you buy that? >> no, i don't. everything can change in 30 days. you've watchedded this stuff. you know how it is....
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Oct 8, 2012
10/12
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then he can't deliver tax cuts. >> you can come up with a tax reform plan. increased revenue that takes down the rates, makes it fairer everybody. it's difficult, but you can do it. >> you can't take the rates down 20% though on top of the bush tax cuts. >> romney said, i have reform principles. they are going to help grow the economy and create jobs but the idea he can raise taxes is fanciful. he'll never do it. >> if you are going to cut taxes for the wealthy as much as mitt romney wants to there is no way or he would have put forth the pro growth plan. he's ring on magic like harry potter will be his treasury secretary. >> he's not going to be able to cut taxes for rich people. he doesn't want to. the idea of pro growth taxes -- >> didn't he say 20% across the board? >> he did, but he also said if you take up the deductions, rich people won't get a big tax break. that's the truth. if you go through the principles and think about it, how do you design a pro growth tax policy? you have to take down the race and get rid of deductions. the numbers can add up.
then he can't deliver tax cuts. >> you can come up with a tax reform plan. increased revenue that takes down the rates, makes it fairer everybody. it's difficult, but you can do it. >> you can't take the rates down 20% though on top of the bush tax cuts. >> romney said, i have reform principles. they are going to help grow the economy and create jobs but the idea he can raise taxes is fanciful. he'll never do it. >> if you are going to cut taxes for the wealthy as much...
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>>> you like taxes? i've got taxes for you. christine romans is here to talk about the very serious issue of the fiscal cliff and what it means for your bottom line. literally your bottom line. plug for your show. >> the bottom line is you're going to pay more in taxes next year either because you'll go off the fiscal cliff or because payroll tax is going to expire. taxes are likely rising next year. >> real numbers for people who make certain amounts of money. >> this is the fiscal cliff only. if you make $20,000 to $40,000, your taxes will go up, $1,231. move out with me, $40,000 to $64,000 a year, a $2,000 tax bill right there. $2,000. $64,000 to $108,000, 3,500 more in taxes you're going to pay. take a look at $108,000 and up, another $14,000 in taxes. you can see the more money you take, the more you're going to pay in taxes if the u.s. goes over the fiscal cliff. what's a fiscal cliff? it's a huge tax increase, huge tax increases and huge spending cuts that hit at beginning of january. the bush tax cuts would go away, the
>>> you like taxes? i've got taxes for you. christine romans is here to talk about the very serious issue of the fiscal cliff and what it means for your bottom line. literally your bottom line. plug for your show. >> the bottom line is you're going to pay more in taxes next year either because you'll go off the fiscal cliff or because payroll tax is going to expire. taxes are likely rising next year. >> real numbers for people who make certain amounts of money. >>...
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don't why he didn't come out immediately after the republican primary, maybe even take on some of the tax loopholes, he says name a couple of them to prove he's going to stay on the side of the middle class. to find his entire life and now he's playing catch up. i'm not sure he has enough time. >> he's got a challenging -- pew survey found 85% of votes said it's more difficult now to maintain a standard of living and a "usa today" gallup poll before the debate said 53% think president obama will do better for them than mitt romney at 43%. how does he overcome that? >> i think wednesday night hit the restart button. they are ready to go. about a month to talk about his plan and i think what you saw on wednesday night, it wasn't the 30 second spots being defined by barack obama. it was mitt romney speaking unfiltered to voters for 90 seconds. he was in their living rim and they liked what they heard. >> jamal, shoot straight with me on this. if i'm a democrat, sitting around watching this, mitt romney connected wednesday night. it has got to make you little bit nervous to say this is a magi
don't why he didn't come out immediately after the republican primary, maybe even take on some of the tax loopholes, he says name a couple of them to prove he's going to stay on the side of the middle class. to find his entire life and now he's playing catch up. i'm not sure he has enough time. >> he's got a challenging -- pew survey found 85% of votes said it's more difficult now to maintain a standard of living and a "usa today" gallup poll before the debate said 53% think...
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Oct 3, 2012
10/12
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last four years -- how in lord's name, can they justify raiding their taxes with these tax cuts? >> vice-president biden just today said that the middle class, over the last four years has been, quote, buried. we agree. that means we need to stop digging, by electing mitt romney the next president of the united states. [cheers and applause] of course, the middle clationz class has been buried, they are buried by regulations and buried by taxes and borrowing, they are being buried by the obama administration's economic failures. >> greta: so will the obama campaign take a political hit with that one, mr. speaker? it's dangerous to talk these days? >> look, it's pretty hard to take anything joe biden says seriously. but if you look at it from -- there are two parts to t. he admits that in the last four years, that's the obama years, the middle class has been buried. highest price of gasoline in the history. hits the middle class. the unemployment rate hits the middle class. the debt being piled up, hits the middle class. but then he goes on to say something which is frankly nutty.
last four years -- how in lord's name, can they justify raiding their taxes with these tax cuts? >> vice-president biden just today said that the middle class, over the last four years has been, quote, buried. we agree. that means we need to stop digging, by electing mitt romney the next president of the united states. [cheers and applause] of course, the middle clationz class has been buried, they are buried by regulations and buried by taxes and borrowing, they are being buried by the...
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his tax cut wouldn't be anywhere near that size. >> so you're disputing the size of the tax cut? or are you disputing also how he's going to pay for it? >> we're disputing the size. >> erin, he has campaigned on lowering tax cuts by 20% for everybody, including those in the top 1%. that was one of the main selling points in the republican primary. >> so you're saying if you lower them by 20% you get a $5 trillion tab, right? >> it's a $5 trillion tab. >> but when he closes deductions he won't be anywhere near $5 trillion. that's our analysis. >> well with, okay, stipulated, it won't be near $5 trillion, but it's also not going to be the sum of $5 trillion in the loopholes that he's going to close. it is going to cost someone and it's going to cost the middle class. independent economists have taken a look at this. there aren't enough deductions for those at the top to account for the number of tax cuts that they get because of mitt romney's policies. you have to raise taxes on the middle class, as bill clinton says, it's simple math. >> they'll say, though, that you can do that.
his tax cut wouldn't be anywhere near that size. >> so you're disputing the size of the tax cut? or are you disputing also how he's going to pay for it? >> we're disputing the size. >> erin, he has campaigned on lowering tax cuts by 20% for everybody, including those in the top 1%. that was one of the main selling points in the republican primary. >> so you're saying if you lower them by 20% you get a $5 trillion tab, right? >> it's a $5 trillion tab. >> but...
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vo: why won't romney level with us about his tax plan whwhich gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >> attorney for -- attorneys for jerry sandusky met with the judge today. two hearings are planned for tomorrow. the first is to determine if he is of violent sexual predator and the second is to determine his sentencing. he faces life in prison. we will be live with his sentencing on abc7 news at 5:00. the man long suspected in the death of natalie holloway, a dutch newspaper reports that he has impregnated a woman despite being in prison in peru. he told the newspaper the pregnancy came after an unsupervised visit with the woman. >> 3 people behind bars after chaos broke out in a hotel in downtown philadelphia. we will show you some video. a brawl broke out between two separate wedding parties. and man, apparently the uncle of one of the bride's, had a heart attack a dot -- hard attack and died. >> there w
vo: why won't romney level with us about his tax plan whwhich gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >> attorney for -- attorneys for jerry sandusky met with the judge today. two hearings are planned for tomorrow. the first is to determine if he is of violent sexual predator and the second is to determine his...
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Oct 4, 2012
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this is a tax in itself -- the economy tax. gasoline prices have doubled under the president, electric rates are up, food prices are up, health-care costs have gone up by $2,500 per family. the question is how to get them going again. it is energy and trade. the right kind of training programs. the president mentioned those ideas. education. it is key. it is the future of our economy. we have 47 training programs. they are reporting to eight agencies. we have to get those dollars back to the states and to the workers so they can create pathways into training they need for jobs that will help them. taxation. we should bring the tax rates down. for corporations and individuals. for us not to lose revenue, i lowered deductions and credits and intentions so we keep taking in the same money when you account for growth. energy is critical. the president pointed out that production of oil and gas in the u.s. is up but not due to his policies -- in spite of his policies. all of the increase in natural gas and oil has happened on privat
this is a tax in itself -- the economy tax. gasoline prices have doubled under the president, electric rates are up, food prices are up, health-care costs have gone up by $2,500 per family. the question is how to get them going again. it is energy and trade. the right kind of training programs. the president mentioned those ideas. education. it is key. it is the future of our economy. we have 47 training programs. they are reporting to eight agencies. we have to get those dollars back to the...
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he is right in saying that 47% of the country pays no income taxes. that's a fact. but conservetism means you talk hope. you talk about lifting people up so they can make it in america. they want to become taxpayers. that's where he was tonal deaf. >> but his response now is saying he was completely wrong which is different than what he said earlier which is like well, i stated it inelegantly. he's now using this blanket statement which allows people to interpret it as they will. >> i think what he is saying there is he was completely wrong to speak pejoratively of the 47% and he was completely wrong to do that. he is right about the basic economics of our country. >> okay. >> we have gotten to the point where the country is half paying no income taxes and getting the advantages of government. >> roland -- >> does that mean it's the right number, too high, too low, that's a good argument to get into. >> i'm utterly confused right now. i'm utterly confused because ari is trying to explain the original comment from mitt romney which i thought mitt romney was very clea
he is right in saying that 47% of the country pays no income taxes. that's a fact. but conservetism means you talk hope. you talk about lifting people up so they can make it in america. they want to become taxpayers. that's where he was tonal deaf. >> but his response now is saying he was completely wrong which is different than what he said earlier which is like well, i stated it inelegantly. he's now using this blanket statement which allows people to interpret it as they will. >>...
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Oct 5, 2012
10/12
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mitt romney and common sense conservatives will cut taxes on the middle class. and they'll close loopholes for millionaires. obama and his liberal allies? we can't afford four more years. [ romney] i'm mitt romney and i approve this message. >> live and in hd, this is abc 7 breaking news. [inaudible] >> breaking news is coming in washington.st seven residents were rescued by firefighters. people may soon be searching for e to wait -- to live. tom roussey has the first report of there. now live. >> workers are still out here up the scene tonight. a fire department has not the official cause of the fire. you where it started. started on a second-floor apartment. have since put plywood on e window there. was from the third floor tore a number of folks had be rescued. one man fell. in this video shot by a thehbor, you could see the threeoting out of story apartment building. people on the scene say it was chaos. >> we ran inside to get the people out. >> this man and several others make sure everyone was safe. the the rescuers needed to be themselves. >> i could fee
mitt romney and common sense conservatives will cut taxes on the middle class. and they'll close loopholes for millionaires. obama and his liberal allies? we can't afford four more years. [ romney] i'm mitt romney and i approve this message. >> live and in hd, this is abc 7 breaking news. [inaudible] >> breaking news is coming in washington.st seven residents were rescued by firefighters. people may soon be searching for e to wait -- to live. tom roussey has the first report of...
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they're being burieded by regulatio regulations, taxes, by borrowing. they're being buried by the obama administration's economic failures. >> major, does joe biden's statement, this video, do either play into the debate tonight? >> i don't think the video is going to play into the debate. you look at what pollsters find from surveying voters, they want to nope, especially tonight, what is your characterization of president obama, what's you've done for four years, mitt romney and what are you going to do going forward. i do not expect this to be about a video from 2007. i think if romney were to do that, it would be a strategic mistake. as for paul ryan, this has been part of a romney campaign tendency. everything from the convention, acutely so, maybe a bit before that. to take whatever sound bite of the day is and to build a narrative around that. that doesn't reenforce the larger one for the romney campaign. look, the american public is well aware of the economic situation our nation is in. it's a recovery, but the slowest and least satisfied since
they're being burieded by regulatio regulations, taxes, by borrowing. they're being buried by the obama administration's economic failures. >> major, does joe biden's statement, this video, do either play into the debate tonight? >> i don't think the video is going to play into the debate. you look at what pollsters find from surveying voters, they want to nope, especially tonight, what is your characterization of president obama, what's you've done for four years, mitt romney and...
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they want people to say to them, here is my specifics as to how it will help you and help tax reform is going to help you. here's how health care reform the mitt romney will help you specifically as a woman. a lot of these economic reformss o have very unique benefits fos n because of the role that they play in the economy. gerri: women, men, and family and all of the above. appreciate your time, kimberly. come back again soon. well, a victory in pennsylvania for democrats. a judge has blocd the state new election day. democrats said the requirement was an attempt to defeat president obama and republicans claimed it was to prevent voter fraud. meanwhile,n all-important state of ohio, early voting kicked off today. people able to vote by mail or in person without having to give a reason. if you are fired up about this or any other issues, drop me an e-mail at gerri@foxbussiness.com. >> coming up on "the willis report", the economy at a crossroads with the fiscal cliff looming. but it delayed a housing crisis as well? our panelists duke it out next. and high frequency trading. we have
they want people to say to them, here is my specifics as to how it will help you and help tax reform is going to help you. here's how health care reform the mitt romney will help you specifically as a woman. a lot of these economic reformss o have very unique benefits fos n because of the role that they play in the economy. gerri: women, men, and family and all of the above. appreciate your time, kimberly. come back again soon. well, a victory in pennsylvania for democrats. a judge has blocd...
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>> if you extend the bush tax cuts you don't cut taxes you keep taxes where they are. if you don't extend the bush tax cuts you raise taxes. if you don't extend the bush tax cuts in total you raise taxes. >> they're set to expire. it was your party that set them to expire. i would add. i wasn't -- sitting here at the desk i didn't do that the republican party was the one that decided to do that so you guys had to deal with the sunset provision. >> it's not an accounting measure. they're going to -- of course it's an accounting measure. >> i pay a certain level of tax this career. next year if the bush tax cuts expire i get a big tax increase but if the bush tax cuts don't expire i pay the same tax next year the same as i do this year. >> because you make a lot of money. mr. giuliani, you have a very large tax cut because you are, to your great credit, a high-earning individual and you'll see a large bounty from the tax cut. that's the question on the table. >> stop the ad silliness. the reality is it's true for everyone. let me finish my answer, rather than yelling and
>> if you extend the bush tax cuts you don't cut taxes you keep taxes where they are. if you don't extend the bush tax cuts you raise taxes. if you don't extend the bush tax cuts in total you raise taxes. >> they're set to expire. it was your party that set them to expire. i would add. i wasn't -- sitting here at the desk i didn't do that the republican party was the one that decided to do that so you guys had to deal with the sunset provision. >> it's not an accounting...
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more huge tax breaks skewed to the wealthy. while cutting nearly eight hundred billion from medicaid... even though middle-class families rely on medicaid to help loved ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it in his priorities? if mitt romney really "cares," number of students that wea lot of problehave.th the... resources. materials. things that the children need... on a day-to-day basis. anncr: question seven will help. the department of legislative services says question seven... will mean hundreds of millions of dollars... for scols...from gaming revenues that would have... gone to other states. and independent audits will guarantee the money... goes where it's supposed to. krystal conwell: i think people should vote for question... seven because i think it will be a great benefit to children. and those well grounded. for what's around this corner... and the next. there's cash flow options from pnc. solutions to help businesses
more huge tax breaks skewed to the wealthy. while cutting nearly eight hundred billion from medicaid... even though middle-class families rely on medicaid to help loved ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it in his priorities? if mitt romney really "cares," number of students that wea lot of problehave.th the... resources. materials. things that the children need... on a...
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i don't have a tax cut that's $4.8 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher plan. i love teachers. and i think we need more of them. look, don't believe me. speaker gingrich was pretty eloquent running during the primaries and saying, mitt romney will say absolutely anything to get elected. and if somebody says absolutely anything to get elected you have to wonder what they'll say when they are president of the united states. >> so, speaker, you did say he was fundamentally dishonest after debating him in the primaries. this is not a new attack against romney policy. >> no. and i think that the challenge for the obama people is pretty simple. the president of the united states had 90 minutes. now, if he had done his homework and actually prepared, if he had actually studied romney, why didn't he say it? why didn't he take romney head on? first of all, the charges on the tax cuts are plain wrong, and i think virtually every analyst has said and even your deputy campaign manager said the charges made are wrong. but forgetting tha
i don't have a tax cut that's $4.8 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher plan. i love teachers. and i think we need more of them. look, don't believe me. speaker gingrich was pretty eloquent running during the primaries and saying, mitt romney will say absolutely anything to get elected. and if somebody says absolutely anything to get elected you have to wonder what they'll say when they are president of the united states. >> so, speaker, you...
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$2,000 while giving a tax break of $250,000 to multimillionaires. doesn't mitt romney understand we can't rebuild america by tearing down the middle class. priorities usa action is responsible for the content of this advertising. president obama: during the last weeks of this campaign... there will be debates, speeches, and more ads. but if i could sit down with you, in your living room or... around the kitchen table, here's what i'd say. when i took office, we were losing nearly eight hundred... thousand jobs a month, and were mired in iraq. today, i believe that as a nation we are... moving forward again. but we have much more to do to get folks back to work and... make the middle class secure again. now, governor romney believes that with even bigger... tax cuts for the wealthy, and fewer regulations... on wall street, all of us will prosper. in other words, he'd double down on the same trickle-down... policies that led to the crisis in the first place. so what's my plan? first, we create a million new manufacturing jobs... and help businesses do
$2,000 while giving a tax break of $250,000 to multimillionaires. doesn't mitt romney understand we can't rebuild america by tearing down the middle class. priorities usa action is responsible for the content of this advertising. president obama: during the last weeks of this campaign... there will be debates, speeches, and more ads. but if i could sit down with you, in your living room or... around the kitchen table, here's what i'd say. when i took office, we were losing nearly eight...
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about lowering taxes isn't as attractive to them. therefore i'm not likely to draw them into my campaign. >> joining me now is karen finney former communications director for the dnc and msnbc analyst. karen, great to have you with us. >> good to see you, ed. >> was it a brilliant strategy on the part of the obama team for the president not to use the 47% remark to give an opening to mitt romney because a huge platform of 60 some plus million people. what about that? >> you know, that may very well be. i mean, the thing that, although that is so insulting is, think about it. just the clip you just played, the night that came out, the next day where did he go? fox news. with neil cavuto. again, he really stood by those comments. he said, well, i could have said them a little better but i really stand by the message. for the last two weeks he has been saying i stand by this message that those people, you know, that language, even in his ads he talks about those people, that they wouldn't be attracted to his message of lower taxes? i me
about lowering taxes isn't as attractive to them. therefore i'm not likely to draw them into my campaign. >> joining me now is karen finney former communications director for the dnc and msnbc analyst. karen, great to have you with us. >> good to see you, ed. >> was it a brilliant strategy on the part of the obama team for the president not to use the 47% remark to give an opening to mitt romney because a huge platform of 60 some plus million people. what about that? >>...
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so if the tax plan he described were a tax plan i was asked to support, i'd say absolutely not. i'm not looking for 5i trillion tax cut. i won't put in a place a tax cut that adds to the deficit. i'm not in favor of a $5 trillion tax cut. that's not my plan. >> that's three different moments during this debate when mitt romney noticed the bump in the set for obama. what he's saying there is he's arguing against math. the idea that you can cut faxes 20%, can you tell taxes for everybody and it's deficit neutral and faye for it by closing unspecified loop moles and dealing with deductions. that is the romney position. it's up to bahama to make romney get specific about it to say okay. it's easy to say you deal with the deductions and it's easy to say it's deficit neutral and let's talk about the specific deductions and talk about the home interest deduction and health care deduction and the charitable giving deduction. these are things that people rely on and things that are popular with voters. let's put mitt romney on the spot here and say if you pay for it with deductions, this
so if the tax plan he described were a tax plan i was asked to support, i'd say absolutely not. i'm not looking for 5i trillion tax cut. i won't put in a place a tax cut that adds to the deficit. i'm not in favor of a $5 trillion tax cut. that's not my plan. >> that's three different moments during this debate when mitt romney noticed the bump in the set for obama. what he's saying there is he's arguing against math. the idea that you can cut faxes 20%, can you tell taxes for everybody...
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payroll tax, real estate tax, gas tax, on and on and on. the president raises the rates to 5%, most businesses work on 5% or 8%. how much more can they sustain? that reduces jobs, kills us. neil: that's your point; right, dave? >> exactly. you know, there's no 5% there. our goal is 2 #.5%, neil. our goal -- >> if we're lucky. neil: goal is 2.5% -- >> in a good economy. 2.5% net in a good economy in the business we do today. add 5% there -- >> you're done. >> 2.5% in the red, that's right. neil: if you hear mitt romney saying i'm going to essentially get off your back, going to roll back regulations. he was not specific which, make sure the government cools it on taxes, didn't say to the degree of what allowances and writeoffs and deductions he limits, were you either troubled by the fact it might be a wash? that you, for example, in your case for your catering business, you might see, butch, no tax savings at all, but you might have a lower rate, but can't deduct as much. >> that will kill us. without disposable income for me to spend or gr
payroll tax, real estate tax, gas tax, on and on and on. the president raises the rates to 5%, most businesses work on 5% or 8%. how much more can they sustain? that reduces jobs, kills us. neil: that's your point; right, dave? >> exactly. you know, there's no 5% there. our goal is 2 #.5%, neil. our goal -- >> if we're lucky. neil: goal is 2.5% -- >> in a good economy. 2.5% net in a good economy in the business we do today. add 5% there -- >> you're done. >> 2.5%...
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more huge tax breaks skewed to the wealthy. while cutting nearly eight hundred billion from medicaid... even though middle-class families rely on medicaid to help loved ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it in his priorities? >>> welcome back to fox 5 morning news. it is 6:24 now. wendy's or mcdonald's in which drive-through are you more likely to pull through. we'll have more on that in a minute. first, let's get a check on the markets with lauren simonetti with the business beat. >> good morning. >> let's talk about the markets before we get into this other thing. stocks actually rose on wednesday. >> yeah. we a say lot of volatility in the stock market because nobody was quite sure what would happen in the debates last night. we are all jittery about the job report we get for september. that comes tomorrow morning. in the end, as you can see, modest gains. the dow up 12 points. it actually crossed zero about 30 times during the
more huge tax breaks skewed to the wealthy. while cutting nearly eight hundred billion from medicaid... even though middle-class families rely on medicaid to help loved ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it in his priorities? >>> welcome back to fox 5 morning news. it is 6:24 now. wendy's or mcdonald's in which drive-through are you more likely to pull through. we'll have more...
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why is it when you're taking advantage of a tax break and you're a businessman you're a businessman. but if you're taking advantage of something you're a moocher. >> cenk: ana. >> it might be entertaining, but it's substantive. when i was watching the debates that's what i do for a living. i have to pay attention to those things. i have a hard time doing it because it's so boring. the candidates have to be so polite. right there you see stewart's passion. you see he's being persuasive. why obama can't be like that? i understand the stress and pressure, it's a huge part of it, but obama has to be as respectful as possible, mitt romney has to be respectful. they can't raise their voices. i can't stand that about our debates. >> obama could have been better than he was. he'll never be jon stewart. he'll never strife to be jon stewart. but that's a great point about mooching and entitlements. that's great but he can't deliver it from standing on an apple cart to be higher and he can't joke. >> you'll always get people who will tear someone down. the small things that happen in debates, w
why is it when you're taking advantage of a tax break and you're a businessman you're a businessman. but if you're taking advantage of something you're a moocher. >> cenk: ana. >> it might be entertaining, but it's substantive. when i was watching the debates that's what i do for a living. i have to pay attention to those things. i have a hard time doing it because it's so boring. the candidates have to be so polite. right there you see stewart's passion. you see he's being...
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we'll get to the deductions but the cut in tax rates. >> the cut in tax rates is lower all americans tax rates by 20%. >> how much does that cost? >> it's revenue lowering. you can -- >> i have to -- you haven't given me the math. >> well, i don't have the time -- it would take me too long to go through all of the math. >> yesterday mitt romney finally gave in, sort of. he didn't detail the deductions he intends to eliminate, but at least offered a few suggestions. >> you could say everybody is going to get up to a $17,000 deduction and use your charitable deduction or your home mortgage deduction or others, health care deduction and fill that bucket, the $17,000 bucket that way and higher income people might have a lower number or do it by the same method that bowles-simpson did it, limiting certain deductions, that's the sort of thing you do with congress. >> so there you go. that's the sort of thing he's talking about. romney's campaign emphasized after the interview those ideas are actually not part of his plan writing -- mark halperin, as you know, i'm an easily confused person
we'll get to the deductions but the cut in tax rates. >> the cut in tax rates is lower all americans tax rates by 20%. >> how much does that cost? >> it's revenue lowering. you can -- >> i have to -- you haven't given me the math. >> well, i don't have the time -- it would take me too long to go through all of the math. >> yesterday mitt romney finally gave in, sort of. he didn't detail the deductions he intends to eliminate, but at least offered a few...